The master plan of Congress behind Farmers loan waiver in Madhya Pradesh. Only 8% of loans got cleared.
So here is the plot twist behind The Loan waiver of farmers in Madhya Pradesh. Basically, I am going to say what actually happened.
Note: this is not to support or Blame any government but this is just my calculation over the loan waiver in Madhya Pradesh.
Madhya Pradesh Congress CM first signed on The Loan waiver of farmers in the state. Well, it does have some conditions.
The Loan waiver of the farmer is only applicable if the loan is taken before 31st March 2018. So, basically, the farmers clear their loans on or before 31st March.
An estimation of only 8% loans of the farmers is waived off. This is not the official information but this is according to our calculations.
So, Who have renewed their loans like paying the loan before 31st March will not be applicable for this loan waiver and This loan waiver is not applicable for loans taken after 31st March 2018.
The remaining are the people who haven’t paid the loan before 31st March 2018 (Only these debts will be cleared). The ratio of these debts is around 8%.
Hope you have understood what I am trying to explain. Not only Congress most of the loans waived off by BJP and other parties are done in this process.